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Lee is a successful stock options trader who began trading large cap stocks in 1984 before online trading was even popular. Lee enjoys teaching people how to buy long term options and sell short term options. >>More Details

The $135 level was a key support, and now that it's broken below that level the $135 price is a key resistance for $TSLA. The last 5 trading sessions have also seen the stock showing strength. It didn't break any further, and I see a sharp rally coming in the short term. So: how will I position myself for this rally?

This week's $126 calls last traded for .76. I'll be looking to get into these tomorrow morning.

Next week's $135 calls are going for .86. I'll target those on a dip.

If I open a position on $TSLA, I'll let you know in the chat room and via private twitter.

The bottom line, in my opinion: $TSLA has bottomed at current prices and is poised for a short-term rally to at least $135 per share, and it will be a very profitable trade when the move does occur. I intend to capitalize on the impending move via out-of-the money calls.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

Great Community

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Doubled my very small acct. this week on two trades, INTC and CME. Thanks guys and will be a paying member after my trial expires as long as I am working 2nd shift. Really incredible what you guys have put together here.